If you’ve been thinking that cryptocurrency mining is dead? The answer is simple – it’s not.
If there is no mining then there will be no transactions, that simply means cryptocurrency will not be a working product.
Cloud mining is contract based mining where the mining equipment is handled by the service provider and you buy the hashing power from the company. All the mined coins are then transferred to your wallet.
In short cloud mining is contract based mining. Where the company lends you the hashing power for mining. These contracts are based for a specific time. Some might have contracts of 6,12, 24 months. Few companies do provide a lifetime contract.
But I’m not gonna keep on explaining what cloud mining is in detail.
Instead, I’m gonna hop on to list out the best cloud mining contracts that you can choose which have less ROI and major profit.
Also, read the full article on how you can earn more profit through cloud mining –
Best Cloud Mining Contracts 2019
There are several companies that offer cloud mining contracts. But, I’m gonna help you choose the better one. This will include the company and the coin.
Considering you are gonna invest $200.
Here is the list of cryptocurrency cloud mining contracts –
You will be mining BTC (Bitcoin) which is based on the SHA 256 algorithm. Today the price of BTC is near about $9300. Where the price of BTC looks promising in the near future.
This is the most profitable cloud mining contract that you can buy. It has a lesser ROI time in comparison to other cloud mining contracts.
This contract is provided by my Innovamine. Currently, Innovamine has been powering about 2% of Bitcoin mining. So, they are one of the most profitable and trusted companies providing cloud mining services.
As regards to this contract –
You can buy $200 of BTC plan which will give us approximately 13TH/s.
This contract is valid for 24 months., i.e 2 years.
Calculating the profits as of today it will be –
Daily – 0.00053866 ($4.95)
Weekly – 0.00377062 ($34.66)
Monthly – 0.01669847 ($153.49)
Yearly – 0.19661113 ($1807.16)
Payback period 40 days i.e 1 Month 10 Days.
For greater returns, you can get the BTC mined transferred to Binance. And trade a few to gain some profits.
With 24 months contract, you’ll be making at least $3614 with current price and mining difficulty. USE COUPON CSCOIN.
The next up is you can buy (BCH) Bitcoin Cash Cloud Mining Contract. It is already available on Innovamine.
It’s pretty simple. If BTC is profitable for mining then BCH is too. Both of them are based on SHA 256 algorithm.
BCH is currently on the rise as BTC is regaining its position. It’s not a bad idea to get BCH contracts.
Here is how it will perform with $200 contract –
You will get 13 TH/s.
Daily – 0.01190080 ($5.14)
Weekly – 0.08330562 ($35.99)
Monthly – 0.36892489 ($159.38)
Yearly – 4.34379312 ($1876.52)
The payback period will be 38 days. i.e One Month 8 Days.
So for 24 Months contract, you’ll be making $3752 with the current difficulty but it can change at any given time. If the price stays the same you at least get more than what you invested. USE COUPON CSCOIN.
Dash is pretty consistent cryptocurrency when it comes to mining.
Dash is based on the X11 algorithm.
So, with the contract of $200, you will be getting hashing power of 80 GH/s.
With daily mining of DASH, you will be making –
Daily – 0.02894233 ($4.57)
Weekly – 0.20259636 ($31.96)
Monthly – 0.89721247 ($141.52)
Yearly – 10.5639532 ($1666.25)
Monthly – 1.52847835 ($143.98)
Yearly – 17.9965999 ($1695.28)